Rental Property Investor · Rome, NY · Member since 2017 · 4 posts · 0 votes
I'm a newbie just getting started and looking to network with local investors in central New York. Current plan is to implement the wholesale strategy to get started and learn the business but my end goal is to buy and hold for cash flow. Willing to work for free in my spare time to learn, grow and gain experience.
You can make money via "Wholesale" but I have to imagine that the failure rate is high for wholesalers starting out.
You may be better off signing up to become an agent - Atleast be an agent for a while where you can learn buyers look for in a property and how much they pay for a property before you go and become a wholesaler.
@Basit Siddiqi Thank you for taking the time to reach out! I agree many will fail with the wholesale method, or any endeavor for that matter, without putting in the time and work required. I've done quite a bit of research in this area, as well as my local market, and see potential for profit. However as I live in more of a rural area, I am interested to see if there are other real estate investors in my area (Rome NY, Utica, NY, Syracuse NY, etc). I'm sure NYC is a tough market for any real estate strategy! Thanks again for the advice.
Hi Brian. Pleasure to meet you. I’m an agent and investor in the syracuse Market. Feel free to listen to my podcast to hear about market trends we are experiencing! Just search my full name in Spotify or Apple podcast